A Proto-Standard for Carbon Accounting and Auditing using the E-Liability Method

33 Pages Posted: 3 Oct 2024

See all articles by Karthik Ramanna

Karthik Ramanna

University of Oxford - Blavatnik School of Government

Lauren Holloway

E-liability Institute

Max Israelit

E-liability Institute

Chloe Wenye Zhang

E-liability Institute

Robert S. Kaplan

Harvard Business School

Date Written: September 12, 2024

Abstract

The E-liability method is an approach to accurately and verifiably account for, in as close to real time as practicable, the specific cradle-to-gate greenhouse-gas emissions embedded in any product or service that transacts in the economy. This document develops a proto-standard for carbon accounting and auditing using the E-liability method. A number of different jurisdictions are currently attempting to develop standards for entities to calculate and report the GHG emissions embedded in their outputs, especially to have an assessment basis for planned carbon border levies. This document can serve as a complementary guide for such efforts, ensuring that standards developed in different geographies, industries, and sectors follow similar, interoperable, and conceptually sound accounting principles.

Keywords: accounting, climate change, supply chains

Suggested Citation

Ramanna, Karthik and Holloway, Lauren and Israelit, Max and Zhang, Chloe Wenye and Kaplan, Robert S., A Proto-Standard for Carbon Accounting and Auditing using the E-Liability Method (September 12, 2024). Available at SSRN: https://ssrn.com/abstract=4957358 or http://dx.doi.org/10.2139/ssrn.4957358

Karthik Ramanna (Contact Author)

University of Oxford - Blavatnik School of Government ( email )

Radcliffe Observatory Quarter
Oxford, Oxfordshire OX2 6GG
United Kingdom

Lauren Holloway

E-liability Institute ( email )

Max Israelit

E-liability Institute ( email )

Chloe Wenye Zhang

E-liability Institute ( email )

Robert S. Kaplan

Harvard Business School ( email )

Soldiers Field
Accounting & Control
Boston, MA 02163
United States
617-495-6150 (Phone)
617-496-7363 (Fax)

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